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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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M-C FEDERAL CREDIT UNION
Mortgage Loans and Application Details
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| Mortgage Company Name |
M-C FEDERAL CREDIT UNION |
| Address | 230 WALNUT ST.
DANVILLE, PA 17821 |
| Agency | National Credit Union Administration (NCUA) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 330 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,716,000 |
| Average Mortgage Loan Amount Applied For | $64,076 |
| Highest Mortgage Loan Amount Applied For | $440,000 |
| Average Applicant Income | $74,230 |
| Highest Applicant Income | $500,000 |
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| Home Improvement (one-to-four family) |
63 | $2,011,000 |
$31,000 | $150,000 |
$51,000 | $140,000 |
| Home Purchase (one-to-four family) |
41 | $3,285,000 |
$80,000 | $238,000 |
$56,000 | $151,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
226 | $16,420,000 |
$72,000 | $440,000 |
$68,000 | $500,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black |
3 | $204,000 |
$68,000 | $82,000 |
$52,000 | $52,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Information not provided by applicant in mail or telephone application |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $79,000 |
$39,000 | $58,000 |
$55,000 | $55,000 |
| White |
325 | $21,433,000 |
$65,000 | $440,000 |
$62,000 | $500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
330 | $21,716,000 |
$65,000 | $440,000 |
$61,000 | $500,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
1 | $62,000 |
$62,000 | $62,000 |
$26,000 | $26,000 |
| Application Denied By Financial Institution |
9 | $360,000 |
$40,000 | $98,000 |
$40,000 | $80,000 |
| Application Withdrawn By Applicant |
1 | $65,000 |
$65,000 | $65,000 |
$21,000 | $21,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
319 | $21,229,000 |
$66,000 | $440,000 |
$70,000 | $500,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $10,000 |
$10,000 | $10,000 |
$43,000 | $43,000 |
| Credit Application Incomplete |
1 | $85,000 |
$85,000 | $85,000 |
$66,000 | $66,000 |
| Credit History |
4 | $105,000 |
$26,000 | $41,000 |
$43,000 | $80,000 |
| Debt-To-Income Ratio |
3 | $160,000 |
$53,000 | $98,000 |
$18,000 | $34,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for M-C FEDERAL CREDIT UNION by:
Metropolitan Area And
County
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